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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (20164)9/11/2003 8:50:37 PM
From: Gord Bolton  Read Replies (1) | Respond to of 39344
 
I am not particularily interested in the Hackett River property either. I am interested to see what Sabina gets for the Redaurum property. Sabina has not had effective control of Redaurum for years.

Long before the true potential of Red Lake was realized and/or the potential controls of mineralization in the area was understood the property was optioned to Madsen which had a mill running in the area and could potentially mine the ore from Redaurum. Claude aquired the option on Redaurum when they aquired Madsen.

Claude Resources are the ones who could have and should have exercised their option and poked around a bit on Redaurum. As it is Sabina is sitting pretty on the Treasure Box and will be carried to production or bought out.

It looks to me like they will be bought out and my bet is that they get at least 10 million